Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.
Alternative Base Rate means the rate that the Independent Adviser determines has replaced the applicable Base Rate in customary market usage in the relevant debt capital markets for the purposes of determining rates of interest in respect of Notes denominated in SEK and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser determines that there is no such rate, such other rate as the Independent Adviser determines in its sole discretion is most comparable to the applicable Base Rate.
Alternative Base Rate means, for any day, a rate per annum equal to the higher of (i) the Prime Rate for such day minus 1.50% and (ii) the Federal Funds Rate for such day minus 1.0%.
Examples of Alternative Base Rate in a sentence
The Warden is responsible for ensuring the provision of adequate medical care to inmates in PCC, including through the implementation of policies and the training and supervision of PCC staff.
If no adjustment can be determined, an Alternative Base Rate may nonetheless be used to determine the rate of interest on the Covered Bonds.
For the avoidance of doubt, the Issuer may give effect to an Alternative Base Rate on more than one occasion provided that the conditions set out in this Condition 13.02(c) are satisfied.
Any Alternative Base Rate may be adjusted (if required) in order to reduce or eliminate, to the extent reasonably practicable in the circumstances, any economic prejudice or benefit (as applicable) to investors arising out of the replacement of the relevant benchmark.
To the extent Interest Amounts in respect of the Notes are determined by reference to a previously undefined Alternative Base Rate, Noteholders may be adversely affected.
More Definitions of Alternative Base Rate
Alternative Base Rate means, for any day, a fluctuating interest rate per annum as shall be in effect from time to time, which rate shall be at all times equal to the highest of:
Alternative Base Rate means the rate that the Independent Adviser or, failing which, the Issuer determines has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in U.S. dollars or, if the Independent Adviser or, failing which, the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner) determines that there is no such rate, such other rate as the Independent Adviser or, failing which, the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner) determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate will be the Alternative Base Rate for the remaining interest periods (subject to the subsequent operation of paragraph (3) above).
Alternative Base Rate means, with respect to each Interest Period and each Interest Determination Date, the rate of interest of the Alternative Index.
Alternative Base Rate means the reference rate that has replaced the Base Rate in customary market usage in the relevant debt capital markets for the purposes of determining rates of interest in respect of Notes denominated in Swedish kronor or, if there is no such rate, such other rate as the Independent Adviser determines is most comparable to the Base Rate.
Alternative Base Rate means, for any day, a fluctuating rate per annum equal to the highest of: (a) the Federal Funds Rate plus 50 basis points (0.50%); (b) the Prime Rate for such day; or (c) the Daily LIBORTerm SOFR for such day plus 100 basis points (with an available tenor of one (1) month plus the SOFR Spread Adjustment for an available tenor of one (1) month plus 1.00%).
Alternative Base Rate means the rate that the Independent Adviser or, failing which, we determine has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in U.S. dollars or, if the Independent Adviser or, failing which, we (in consultation with the calculation agent and acting in good faith and a commercially reasonable manner) determine that there is no such rate, such other rate as the Independent Adviser or, failing which, we (in consultation with the calculation agent and acting in good faith and a commercially reasonable manner) determine in its or our sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate will be the Alternative Base Rate for the remaining interest periods (subject to the subsequent operation of paragraph (3) above).
Alternative Base Rate has the meaning given to it in Condition 13 (Meetings of Holders of the Covered Bonds, Modification and Waiver);